Carson Wealth Management to Leave LPL, Launch Independent RIA, BD
By Kate McBrideCarson Wealth's CEO Ron Carson says that the RIA is to be launched in July, followed by the BD in late 2011.
April 28, 2011
Mutual of Omaha Expands Fiduciary Partnership for Retirement Plan SponsorsMutual of Omaha announced Wednesday that it will expand on its partnership with Mesirow Financial to offer a plan-level fiduciary service to retirement plan customers.
April 27, 2011
Lack of Research Limits Advisor Use of Closed-End Funds: Aberdeen StudyAdvisors say a lack of research coverage limits their use of closed-end funds, according to an Aberdeen/Harris study released at the Capital Link 10th Annual Closed-End Funds and Global ETFs Forum in New York.
April 26, 2011
2011 Q1 Earnings: LPL Profits Jump 91.7%; Founder, President to Sell Big StakesLPL Financial saw profits of $49.0 million, 91.7% higher than a year ago, and the company’s founder and president are selling big stock stakes.
April 25, 2011
2011 Q1 Earnings Analysis: LPL, J.P. Morgan Strategists Eye Finance SectorTwo weeks into Q1 2011 earnings season, a pattern is emerging: it’s all about slow, post-recession rebuilding, say strategists including JPMorgan's David Kelly.
April 20, 2011
FINRA Alternative: SROIIA Surveying RIA FirmsFledgling SRO for RIAs adds officers, announces progress.
April 19, 2011
BofA, Morgan Stanley, Wells Fargo Battle to Regain Business Lost to RIAs: FRC StudyWirehouses are working to regain market share lost to RIAs by making major changes in the way they work with advisors, asset managers and investors, says FRC.
April 19, 2011
2011 Q1 Earnings: BNY Mellon Misses Estimates Despite Pershing's Strong ResultsClearing services conducted by Pershing resulted in sales of $292 million, up 27% from last year.